ICSE Class 10: Interest on Recurring Deposit Account Videos | Banking

• Ms sarita deposit RS 500 every month in a recurring deposit account for 2 years at 9% S.l per annum find. the interest she will earm in 2 years,the maturity value of deposit
• Mr. Kumar has a recurring deposit account is Rs.1,20,400. If each monthly instalment for this account is Rs.1.600 and the rate of interest is 10% per year, find [3] the time for which the account was held.
• upriya has a recurring deposit account in a bank. She deposits Rs 600 per month for 6 years. If at the end of maturity period she gets Rs 53,712, find the rate of interest.  
• Preeti has a recurring deposit account of Rs 1000 per month at 10%per annum. If she gets Rs 5550 as interest at the time of maturity, fund the total time for which the account was held. Formula is this:SI =Px1/2n(n+1)x 1/12xR /100
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• Deposit amount Rs.1000/month Rate of interest 10% p.a Interest received at maturity Rs.5550 How to calculate period of investment
• Mr. Sony had a R.D.account and deposits Rs.750 Per month for 2 years. If he gets Rs.19125 at the time of maturity. Find the rate of interest.
• Sharma deposits a certain sum of money each month in a recurring deposit account of a bank if the rate of interest is 9% per annum and Sharma gets 5565 after 1 year and 3 months on the maturity find the value of his monthly installment
• Mr thomas has a 4 years cumulative time deposits accounts in corporation Bank and deposits rs 650 per month if he receives rs 36296 at the time of maturity finf- 1. The total interest earned by mr thomas. 2. The rate of interest per annum.
• If a man got 6 persent rate of interst from a bank he gives in the bank 1000rs per month so in the end of the year he will got  how much amount

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